Reliance to shut 25 stores, but no layoffs
... This is another 'fresh' turn in the story of Mukesh Ambani promoted Reliance Retail Ltd. The company has decided to close 25-30 Reliance Fresh stores across the country, after these stores were found to be economically not viable. ... [
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"Reliance Fresh and Subhiksha were most vulnerable to recession and the results are here!" - fathima
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Reliance resumes fuel supply to Iran - trade
... NEW DELHI (Reuters) - Indian refiner Reliance Industries has resumed fuel supplies to Iran from July after halting it in the last quarter of 2007 over credit issues, four trade sources familiar with the deal said. ... [
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Reliance Communications, MTN end talks
... NEW DELHI: Reliance Communications and South Africa's MTN on Friday mutually ended tie-up talks after Mukesh Ambani-owned Reliance Industries (RIL) on Thursday started arbitration proceedings against younger brother Anil's RCOM to thwart the latter’s merger with Africa’s largest telco. ... [
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MTN and Reliance set new deadline for talks
... Johannesburg/Mumbai: South African mobile phone operator MTN Group and India's Reliance Communications have extended exclusive talks on a potential combination to create a top-10 global telecom group. ... [
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MTN may quit talks with Reliance
... LONDON: Caught in the middle of the Indian billionaire Ambani siblings' feud, South African telecom giant MTN is mulling walking away from talks for a possible amalgamation with Anil Ambani-led Reliance Communications, ... [
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